You're welcome to make bulk payments on your Prodigy Finance loan without incurring any penalties. If you plan on doing this, remember that you’ll still be expected to make monthly payments unless stated otherwise.
What is a bulk payment?
If you'd like to make a bulk payment which is more than three times your contractual installment we will automatically re-amortize your loan if you are still in your grace period.
If you are in repayment, please reach out to us if you would like to have your loan re-amortized.
What does re-amortizing your loan mean?
Re-amortizing your loan based on the bulk payment received will reduce the monthly installment which will be due each month for the remaining term of your loan.
If you do not want your loan to be re-amortized, please do let us know by contacting email@example.com